Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, Year 2	Dec. 31, Year 1
Accounts receivable	$17,500	$12,500
Inventory	51,650	44,200
Accounts payable	8,480	5,100
Dividends payable	9,480	6,100

Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.

X

Amount Descriptions

Amount Descriptions
Cash paid for dividends
Decrease in accounts payable
Decrease in accounts receivable
Decrease in dividends payable
Decrease in inventory
Increase in accounts payable
Increase in accounts receivable
Increase in dividends payable
Increase in inventory
Net cash flow from operating activities

Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.

1	Net income
2	Adjustments to reconcile net income to net cash flow from operating activities:
3	Changes in current operating assets and liabilities:
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5
6
7